Synta Sizzles on Ganetespib Phase IIb Data in Lung Cancer

Analysts were exuberant after Synta Pharmaceuticals Corp. disclosed results Saturday from an interim analysis of the Phase IIb portion of its GALAXY (Ganetespib Assessment in Lung cAncer with docetaXel) trial of ganetespib, the company's lead heat-shock protein 90 (Hsp90) inhibitor, as second-line treatment in advanced non-small-cell lung cancer (NSCLC) at the European Society for Medical Oncology (ESMO) 2012 Congress in Vienna, Austria.